GO
Loading...

Morgan Stanley, Cheniere and Other Midday Movers

Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!

Morgan Stanley

The catalyst: Although there’s no clear catalyst, of all the banks, Morgan Stanley tends to sell off sharply as concerns about Europe intensify.

The trade: It’s becoming all about technicals, says Joe Terranova. If it break $11.58, the Oct low I think it could trade down to $10.

---------------

Home Depot

The catalyst: As investors seek returns, the stock could be attracting money for its 2.3% dividend yield.

The trade: I think it continues to grind higher, says Jon Najarian.

---------------

Cheniere

The catalyst:Barron’s said Chief Executive, Chairman and President Charif Souki sold 130,000 shares of Cheniere for $1.9 million, an average of $14.77 each.

The trade: I added to my position based on technicals but it’s a high beta name, says Steve Grasso.

---------------

Joy Global

The catalyst:Jefferies cut their EPS estimates on the company after Chief Executive Mike Sutherlin said that a slowing international market, both in Europe and in China, means that near-term order rates are expected to moderate and revenues could flatten.

The trade: It’s not a good story, says Simon Baker.

* You can find our Pops & Drops conversation about 5 minutes into this video.

----------------------------

NEW SLIDESHOW: Learning from the Legends: Simple Strategies Behind Supersized Successes

----------------------------

Posted by CNBC's Lee Brodie

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.


Trader disclosure: On June 4, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI; Joe Terranova is long LPX; Joe Terranova is long SNDK; Joe Terranova is long IBM; Joe Terranova is long CNX; Joe Terranova is long HAYG; Joe Terranova is short June Mini S&P Futures; Simon Baker is long C; Simon Baker is long GLD; Simon Baker is long JOYG; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA

For Jeff Kilburg
Jeff Kilburg is long GLD
Jeff Kilburg is long GDXJ

For Meredith Adler
Barclays Bank PLC and/or an affiliate has received compensation for investment banking services in the past 12 months from DG
Barclays Bank PLC and/or an affiliate has received compensation for investment banking services in the past 12 months from DLTR
Barclays Bank PLC and/or an affiliate has received non-investment banking related compensation from DG
Barclays Bank PLC and/or an affiliate has received non-investment banking related compensation from DLTR
The following companies have been an investment banking client of Barclays: DG
The following companies have been an investment banking client of Barclays: DLTR

For William Katz
Citigroup Global Markets Inc. or its affiliates expects to receive or intends to seek, within the next three months, compensation for investment banking services from BK
Citigroup Global Markets Inc. or its affiliates expects to receive or intends to seek, within the next three months, compensation for investment banking services from LM
Citigroup Global Markets Inc. or its affiliates expects to receive or intends to seek, within the next three months, compensation for investment banking services from SCHW
The Firm is a market maker in the publicly traded equity securities of SCHW
The Firm is a market maker in the publicly traded equity securities of AMTD

For Keith McCullough
Keith McCullough is long XLU
Keith McCullough is short XLI

Symbol
Price
 
Change
%Change
HD
---
MS
---
JOY
---
LNG
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report